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28 Jun 2016

John H. Cushman Jr., Inside Climate News

USA: Democratic party platform committee calls for fossil fuel investigations & 100% renewable energy by 2050

"DNC Platform Calls for Justice Dept. to Investigate Fossil Fuel Companies", 26 Jun 2016

The committee drafting a platform for Hillary Clinton and the Democratic Party unanimously called on Friday for the Justice Department to investigate fossil fuel companies, such as ExxonMobil Corp., accused of misleading shareholders and the public about the risks of climate change. At the same time...the group brushed off calls by environmental activists for the platform to support several stronger actions to move away from fossil fuels...includ[ing] a carbon tax and a ban on fracking...[T]he platform panel..did accept a goal of obtaining all U.S. energy from renewable fuels by 2050...That ambition would support the new Paris climate agreement's goals and is hardly compatible with a business-as-usual or "all-of-the-above" energy policy..."All corporations owe it to their shareholders to fully analyze and disclose risks they face including climate risks," said the language they accepted. "Those who fail to do so should be held accountable. Democrats also respectfully request the Department of Justice investigate allegations of corporate fraud on the part of fossil fuel companies accused of misleading shareholders and the public on the scientific reality of climate change."